What's New

China's Mounting Debt Problem - Reuters Breaking Views, September 2013

A collection of recent articles in Reuters Breaking Views, September 2013 reveals the reality of China's local debt, shadow banking, and financial repression, illustrating the urgency of impending systemic reform.

Download China's Mounting Debt Problem

My daughter's wedding celebrations

My daughter's wedding in Hong Kong on 5 January, 2013

Music video

Photo Album 

Discover the happiness in you (A unique photo album featuring our VIP guests. Click on any picture to enlarge and follow the bottom directional sign to view the rest.)

Re-celebration of my daugher's wedding in Chateau Rigaud, St Emilion on 31 August, 2013

Click for access to professional photographer's slideshow set to music here.

The bridegroom's words in a wedding film here

View a selection of dreamy images of a mist-laden dawn near the Chateau.

Download Misty dawn near Chateau Rigaud 

How to make a city great - Mckinsey & Co

According to McKinsey research, "By 2030, 5 billion people—60 percent of the world’s population—will live in cities, compared with 3.6 billion today, turbocharging the world’s economic growth". In an age of connectivity, value chain competitive mobility, resource scarcity, and social and environmental consciousness, there is a race in making cities smarter and more intelligent. The competition is becoming more poignant as more and more countries enter the urbanization phase of development.

Drawing on a host of case studies and best practices around the world, a Mckinsey Cities Special Inititative report of September 2013 here highlights how cities can achieve smart growth, do more with less and win support for change.

What's next for China? - McKinsey Insight

This McKinsey Insight China report looks at China's dramatic changes ahead as the nation is being transformed into an economy of consumers. It examines how various city clusters are driving the change in respective ways and how household income growth at different levels, labour dynamics, resource pressures, innovation, and diverse consumer preferences and lifestyles are playing out as a new Chinese economy takes shape.

Download What's Next China - McKinsey Insights China - December 2012

Healthcare in China: Entering uncharted waters - Mckinsey & Co

As China is aging fast, the nation’s healthcare spending is projected to grow from $357 billion in 2011 to $1 trillion in 2020. China’s government insurance programs have extended their coverage to more than 95 percent of the population, though the coverage remains basic, fragmented and limited. For China to grow into a middle-income nation by 2020, healthcare reform is flagged up as a top priority.

According to McKinsey research, " across key categories, from pharmaceuticals to medical products and consumer health, China remains one of the world’s most attractive markets, and is by far the fastest-growing of all the large emerging markets. It is not surprising that multinationals are flocking to take advantage of the opportunities. For several leading pharmacos, such as Bayer HealthCare and Novo Nordisk, China ranks among the top three markets in total revenue contribution".

But because of the relatively low base to start from and the immense complexity of delivering better healthcare to 1.3 billion people in often vastly differnt economic, social, and locational circumstances, longterm success for all participants is fraught with trap doors. The McKinsey review delves into the various complexities and suggests what companies should do to stay ahead of the game over the next decade.

Download McKinsey & Co - Healthcare in China - Entering uncharted waters - September 2012

Can China remain the factory of the world? - McKinsey & Co

The Podcast by McKinsey experts here suggests that despite rising wages and other costs, China is not about to lose that position any time soon. This is because China remains at the centre of a deepened and more complex supply and production chain supported by a local wealth of efficient, nimble and adaptive globalised contractors, a superior transport infrastructure and logistic network, and her own burgeoning consumer market that has emerged to drive much of global consumer demand growth.

Enforcing China’s RMB4.5 trillion Planned Green Economy

HSBC's Director for Climate Change Strategy in Asia-Pacific reports on China Water Risk, a non-profit think-tank, here on how the State Council plans to grow China’s energy-saving and environmental protection industry by 15% a year – double the rate of projected annual GDP growth – to a market worth RMB4.5 trillion (USD734bn), or 6-7% of GDP by 2015.

The tools to be used include green credits, tax breaks, innovative technologies, beefing up environmental protection laws and standards (for which US$6.5 billion has been set aside), and stringent enforcement of EIAs (environmental impact assessments).

Beijing's resolve was demonstrated in August 2013 when the Ministry of Environmental Protection said it would stop approving new projects for PetroChina and Sinopec, China’s two largest (and politically powerful) oil producers and refiners, after they failed to meet pollution targets for two consecutive years. 

Wai-Shin joined HSBC in 2011 as the Director for Climate Change Strategy in Asia Pacific - See more at: http://chinawaterrisk.org/opinions/enforcing-chinas-planned-rmb4-5-trillion-green-economy/#sthash.34sz7MQg.dpuf

Wai-Shin joined HSBC in 2011 as the Director for Climate Change Strategy in Asia Pacific - See more at: http://chinawaterrisk.org/opinions/enforcing-chinas-planned-rmb4-5-trillion-green-economy/#sthash.34sz7MQg.dpuf

Wai-Shin joined HSBC in 2011 as the Director for Climate Change Strategy in Asia Pacific - See more at: http://chinawaterrisk.org/opinions/enforcing-chinas-planned-rmb4-5-trillion-green-economy/#sthash.34sz7MQg.dpuf